Sandy Weill Is Board Chairman at Former S.A.C. Re
Sandy Weill,
chairman of the board of directors,
Hamilton Re
Citigroup veteran Sanford I. “Sandy” Weill will serve as chairman of the board of directors for Hamilton Re, a Bermuda-based Class 4 property and casualty reinsurer that Hamilton Insurance Group, Ltd., acquired from SAC Capital last year, officials say. The reinsurer known as S.A.C. Re, Ltd., was renamed Hamilton Re.Four SAC management companies, founded by adviser Steven A. Cohen, agreed to plead guilty on charges of insider trading last year.
“Sandy Weill is an icon in the financial services sector, someone who has been at the forefront of change throughout his career,” says Brian Duperreault, president and CEO for Hamilton Insurance Group, in a statement.
“Brian Duperreault has run businesses very successfully in all parts of the insurance industry from Marsh & McLennan, to the ACE Group in Bermuda, as well as his long stint at AIG,” Weill says in a statement.
Ex-Duke University Dean Wins Financial Engineer of the Year Award
Douglas Breeden,
2013 IAQF/SunGard Financial Engineer of the Year
SunGard and the International Association for Quantitative Finance (formerly the IAFE) have named Douglas T. Breeden, a William W. Priest professor of finance and former dean of Duke University’s Fuqua School of Business as the 2013 IAQF/SunGard Financial Engineer of the Year (FEOY), officials say.
The award will be presented to Breeden by IAQF senior fellow and former FEOY winner and Nobel laureate Robert C. Merton on Feb. 6, at the Museum of Mathematics in New York City, during the IAQF/SunGard awards dinner.
Among his achievements, Breeden has served on faculties at the University of Chicago’s Booth School and Stanford Business School. He was the Fischer Black visiting professor of financial economics at the Sloan School of Management at the Massachusetts Institute of Technology from 2011 to 2013. He has published seminal research on state prices and risk neutral densities implicit in option prices, on the consumption capital asset pricing model (CCAPM), and on mortgage securities and hedging.
“Prior winners’ works have profoundly affected applied research and the practice of finance around the world in central banks and on the global Wall Street, as well as in pensions, endowments, mutual funds, banking and insurance,” Breeden says in a statement.
Established in 1993, the annual IAQF/SunGard FEOY Award recognizes individual contributions to the advancement of quantitative finance, officials say.
Blue River Names Five Equity Partners
Blue River Partners, outsourcing services provider to alternative asset firms, has named five equity partners: Michael McConathy; Alfred Chao; John Fairbanks; Brant Pallasch and Anna Hawkins, officials say.
The company has also hired Amy Manning as a senior attorney and business development head to expand Blue River’s West Coast presence, officials say. Manning will work out of Blue River’s San Francisco office, officials say. Blue River supports more than 125 advisory firms that collectively oversee $45 billion in assets.
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